Marine Composites Market
Marine Composites Market Analysis by Metal Matrix Composites and Ceramic Matrix Composites from 2023 to 2033
Analysis of Marine Composites Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Marine Composites Market Growth Outlook (2023 to 2033)
The global marine composites market is expected to grow at a CAGR of 6.0% during the forecast period and reach a valuation of US$ 8.5 billion in 2033 from a valuation of US$ 4.8 billion in 2023.
Marine composites have gained popularity due to their resilience and ability to withstand the challenging conditions encountered in the marine environment, including strong winds, waves, and corrosive seawater. They demonstrate superior performance compared to traditional materials, offering advantages such as better fuel efficiency, reduced weight, enhanced durability, and increased design flexibility.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2023E) | US$ 4.8 Billion |
| Forecasted Market Value (2033F) | US$ 8.5 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.0% CAGR |
| North America Market Share (2023) | 29.0% |
| North America Market Growth Rate (2023 to 2033) | 4.2% CAGR |
| US Market Growth Rate (2023 to 2033) | 4.3% CAGR |
| Key Companies Profiled | Cytec Solvay Group; E. I. Du Pont de Nemours and Company; Hexcel Corporation; Mitsubishi Rayon Co. Ltd.; Owens Corning; SGL Group; Teijin Limited; Toray Industries, Inc.; Hyosung |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Historic and Future Path for Marine Composites Market
In the marine industry, composite materials have diverse applications and span across different areas of the maritime industry. They find use in components such as grates, shafts, ducting, and hull shells, providing structural integrity, improved rigidity, and resistance to vibrations, moisture, wear, and impact.
In recent years, the market has witnessed notable advancements in the development of marine composites utilizing renewable resources and innovative manufacturing techniques like vacuum infusion. These breakthroughs have further propelled the growth of the industry, offering sustainable alternatives and expanding the range of possibilities for marine composite applications.
- Growth Factors for Short Term (2023 to 2026): The demand for lightweight materials in the maritime industry is increasing due to the need for improved fuel efficiency and reduced emissions. Marine composites offer a significant advantage in terms of weight reduction compared to traditional materials like steel or aluminum, leading to enhanced vessel performance and cost savings, thus, driving the marine composites market.
- Factors for Medium-Term Growth (2026 to 2029): The growing popularity of recreational boating activities, particularly in regions like Europe and North America, is fueling the demand for marine composites. Consumers are seeking lightweight, high-performance boats that offer better fuel efficiency, durability, and design flexibility, driving the adoption of composites in leisure boating.
- Long-Term Growth Opportunities (2029 to 2033): Strategic collaborations and partnerships between composite manufacturers, boat builders, and other stakeholders in the maritime industry are driving the market growth and have a long-term impact on the market growth. These alliances facilitate the development of innovative composite solutions, enhance supply chain efficiency, and expand market reach for marine composites.
The global marine composites market had a 3.2% growth rate from 2018 to 2022, according to Fact.MR, a top provider of market research and competitive information. The study further states that a 6.0% CAGR is predicted for the industry over the projection period of 2023 to 2033.
Market Growth Outlook
“Escalating Demand for Fast and Powerful Yachts & Boats Propels Market Growth”
The escalating demand for fast and powerful yachts and boats plays a significant role in propelling the growth of the marine composites market. Fast and powerful yachts and boats are sought after by enthusiasts and professionals alike.
Marine composites offer a unique combination of high strength and lightweight properties, enabling the construction of vessels that achieve higher speeds and better performance compared to those made from traditional materials. The superior strength-to-weight ratio of composites allows for the design of streamlined, aerodynamic hulls that can glide through the water more efficiently, resulting in increased speed and enhanced maneuverability.
Additionally, fuel efficiency is a crucial factor in the maritime industry. Marine composites, being lightweight, contribute to improved fuel efficiency by reducing the overall weight of the vessel.
With rising fuel costs and environmental concerns, boat owners and operators are increasingly inclined to invest in yachts and boats that offer better fuel economy. The use of marine composites helps achieve this goal by minimizing energy consumption and reducing the carbon footprint of high-performance vessels.
As the market continues to grow, advancements in composite technology and customization options will further bolster the adoption of marine composites in the construction of high-performance vessels.
“Heavy Reliance on Trade through Sea Route”
The trading industry has grown enormously as industrialization has reached its pinnacle. Seaborne trade continues to expand at competitive freight cost bringing benefits to the consumers.
According to UNCTAD, seaborne trade jumped by 3.2% in 2021. Due to its simplicity and other benefits, seaborne trade holds the majority of the market share among all route of trade.
Hence, it is anticipated that increased seaborne traffic will raise the demand for ships and other sailing vessels, which will in turn enhance the use of marine composites in the marine industry.
“Factors Affecting Consumption of Marine Composites”
Due to the industry's high capital requirements, many potential competitors refrain from entering the market. A significant portion of the overall cost for this sector is the cost of the raw materials (or precursors).
Also, the conversion process consumes a lot of energy. In addition, the sector demands expensive, massive equipment with protracted product development and qualification cycles along with hefty expenditures and high raw material costs. The market for marine composites is expected to encounter difficulties due to the requirement for high capital costs along with reparability & recyclability cost.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Country-wise Insights
Why US Marine Composites Market is Lucrative?
In the United States, the market for marine composites is expected to reach US$ 400 million by 2023.
The US market has a strong emphasis on fuel efficiency and environmental sustainability. Marine composites, being lightweight materials, offer significant advantages in terms of fuel efficiency, reducing operating costs and carbon emissions. As regulations become more stringent and environmental consciousness grows, boat builders and owners in the US are increasingly turning to marine composites to achieve better fuel efficiency and meet sustainability goals.
The US has a thriving recreational boating industry, with a large number of boating enthusiasts and boat owners. The demand for high-quality, high-performance boats and yachts is on the rise. Marine composites, with their superior attributes and performance advantages, are increasingly sought after by boat builders and owners who want to experience the benefits of lightweight construction, fuel efficiency, and improved handling characteristics.
Why Singapore Marine Composites Market is Gaining Traction?
Singapore, a country in South East Asia owns and operates the world's major seaport and ship traffic.
- The country has huge seaports and a wide network of warehouses for the import, export, and storing of goods. For instance, the Maritime and Port Authority of Singapore (MPA) has inked an agreement for USD 1.1 billion for the second phase of the development of Tuas Terminal. This is set to fuel the total port capacity by 21 million TEUs by 2027.
The growing sea trade activities are likely to create immense growth opportunities for ship manufacturers and as the ship or other sea vehicle manufacturing increases the demand for marine composites will increase. As composites have excellent damping properties, which can help reduce noise and vibrations generated by marine vessels. This feature contributes to enhanced onboard comfort, decreased noise pollution, and improved safety for passengers and crew.
Category-wise Insights
Why has Marine Composites Demand Increased for Power Boats Production?
Power boats are designed for speed and performance. Marine composites, such as carbon fiber composites, offer high strength-to-weight ratios, allowing for lighter and more streamlined boat structures. The reduced weight enhances speed, acceleration, and maneuverability, resulting in improved performance and a thrilling boating experience.
Power boats are also often associated with luxury and customization options. Marine composites allow for the integration of various features, such as advanced electronics, entertainment systems, and luxury amenities. The lightweight nature and design flexibility of composites enables the incorporation of these features without compromising performance or structural integrity.
Will Market Growth Be Led by Glass Fiber for Marine Composites?
Glass fiber has traditionally been a prominent material in the marine composites market, and it continues to play a significant role. Glass fiber is generally more cost-effective compared to other types of fibers used in marine composites, such as carbon fiber or aramid fiber.
This affordability makes glass fiber composites an attractive option, particularly in applications where cost is a significant consideration, such as the mass production of recreational boats or small watercraft.
Glass fiber composites possess sufficient strength and stiffness properties for many marine applications. While they may not have the same high strength-to-weight ratios as carbon fiber composites, glass fiber composites still offer satisfactory mechanical properties, allowing for the construction of structurally sound and reliable marine components.
Additionally, glass fiber composites are easily molded into complex shapes and structures, offering design flexibility to boat and ship manufacturers. This versatility enables the production of customized or intricate designs, meeting the specific needs and preferences of marine customers.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Market Players’ Key Strategies
Prominent marine composites manufacturers are Owens Corning, Toray Industries, Inc., SGL Group, Cytec Solvay Group, Teijin Limited, Mitsubishi Rayon Co. Ltd., Hexcel Corporation, E. I. Du Pont de Nemours and Company, Hyosung and others
The major players have launched a number of projects, including technological advancements, research and development, collaborations, mergers, and acquisitions, to produce lightweight and affordable products.
Fact.MR has provided detailed information about the price points of key manufacturers of marine composites positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Marine Composites Industry Research
-
By Composite :
- Metal Matrix Composite (MMC)
- Ceramic Matrix Composite (CMC)
- Polymer Matrix Composite (PMC)
-
By Fiber :
- Glass Fiber
- Carbon Fiber
- Aramid Fiber
- Natural Fiber
-
By Resin :
- Polyester
- Vinyl Ester
- Epoxy
- Thermoplastic
- Phenolic
- Acrylic
-
By Vessel :
- Power Boats
- Sails Boats
- Cruise Ships
- Cargo Vessels
- Naval Boats
- Jet Boats
- Personal Watercraft
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Composite
- 7.1. Metal Matrix Composites (MMC)
- 7.2. Ceramic Matrix Composites (CMC)
- 7.3. Polymer Matrix Composites (PMC)
- 8. Global Market Analysis and Forecast, By Fiber
- 8.1. Glass
- 8.2. Carbon
- 8.3. Aramid
- 8.4. Natural
- 9. Global Market Analysis and Forecast, By Resin
- 9.1. Polyester
- 9.2. Vinyl Ester
- 9.3. Epoxy
- 9.4. Thermoplastic
- 9.5. Phenolic
- 9.6. Acrylic
- 10. Global Market Analysis and Forecast, By Vessel
- 10.1. Power Boats
- 10.2. Sailboats
- 10.3. Cruise Ships
- 10.4. Cargo Vessels
- 10.5. Naval Boats
- 10.6. Jet Boats
- 10.7. Personal Watercraft
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. Middle East & Africa
- 12. North America Market Analysis and Forecast
- 13. Latin America Market Analysis and Forecast
- 14. Europe Market Analysis and Forecast
- 15. East Asia Market Analysis and Forecast
- 16. South Asia & Oceania Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Cytec Solvay Group
- 20.2. E. I. Du Pont de Nemours and Company
- 20.3. Hexcel Corporation
- 20.4. Hyosung
- 20.5. Mitsubishi Rayon Co. Ltd.
- 20.6. Owens Corning
- 20.7. SGL Group
- 20.8. Teijin Limited
- 20.9. Toray Industries, Inc.
- 20.10. Other Prominent Players
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 1: Global Market Value (US$ million) by Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 3: Global Market Volume (Tons) by Region, 2018 to 2022
Table 4: Global Market Volume (Tons) and Forecast by Region, 2023 to 2033
Table 5: Global Market Value (US$ million) By Composite, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Composite, 2023 to 2033
Table 7: Global Market Volume (Tons) By Composite, 2018 to 2022
Table 8: Global Market Volume (Tons) and Forecast By Composite, 2023 to 2033
Table 9: Global Market Value (US$ million) By Fiber, 2018 to 2022
Table 10: Global Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 11: Global Market Volume (Tons) By Fiber, 2018 to 2022
Table 12: Global Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 13: Global Market Value (US$ million) By Resin, 2018 to 2022
Table 14: Global Market Value (US$ million) and Forecast By Resin, 2023 to 2033
Table 15: Global Market Volume (Tons) By Resin, 2018 to 2022
Table 16: Global Market Volume (Tons) and Forecast By Resin, 2023 to 2033
Table 17: Global Market Value (US$ million) By Vessel, 2018 to 2022
Table 18: Global Market Value (US$ million) and Forecast By Vessel, 2023 to 2033
Table 19: Global Market Volume (Tons) By Vessel, 2018 to 2022
Table 20: Global Market Volume (Tons) and Forecast By Vessel, 2023 to 2033
Table 21: North America Market Value (US$ million) by Country, 2018 to 2022
Table 22: North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 23: North America Market Volume (Tons) by Country, 2018 to 2022
Table 24: North America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 25: North America Market Value (US$ million) By Composite, 2018 to 2022
Table 26: North America Market Value (US$ million) and Forecast By Composite, 2023 to 2033
Table 27: North America Market Volume (Tons) By Composite, 2018 to 2022
Table 28: North America Market Volume (Tons) and Forecast By Composite, 2023 to 2033
Table 29: North America Market Value (US$ million) By Fiber, 2018 to 2022
Table 30: North America Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 31: North America Market Volume (Tons) By Fiber, 2018 to 2022
Table 32: North America Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 33: North America Market Value (US$ million) By Resin, 2018 to 2022
Table 34: North America Market Value (US$ million) and Forecast By Resin, 2023 to 2033
Table 35: North America Market Volume (Tons) By Resin, 2018 to 2022
Table 36: North America Market Volume (Tons) and Forecast By Resin, 2023 to 2033
Table 37: North America Market Value (US$ million) By Vessel, 2018 to 2022
Table 38: North America Market Value (US$ million) and Forecast By Vessel, 2023 to 2033
Table 39: North America Market Volume (Tons) By Vessel, 2018 to 2022
Table 40: North America Market Volume (Tons) and Forecast By Vessel, 2023 to 2033
Table 41: Latin America Market Value (US$ million) by Country, 2018 to 2022
Table 42: Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 43: Latin America Market Volume (Tons) by Country, 2018 to 2022
Table 44: Latin America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 45: Latin America Market Value (US$ million) By Composite, 2018 to 2022
Table 46: Latin America Market Value (US$ million) and Forecast By Composite, 2023 to 2033
Table 47: Latin America Market Volume (Tons) By Composite, 2018 to 2022
Table 48: Latin America Market Volume (Tons) and Forecast By Composite, 2023 to 2033
Table 49: Latin America Market Value (US$ million) By Fiber, 2018 to 2022
Table 50: Latin America Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 51: Latin America Market Volume (Tons) By Fiber, 2018 to 2022
Table 52: Latin America Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 53: Latin America Market Value (US$ million) By Resin, 2018 to 2022
Table 54: Latin America Market Value (US$ million) and Forecast By Resin, 2023 to 2033
Table 55: Latin America Market Volume (Tons) By Resin, 2018 to 2022
Table 56: Latin America Market Volume (Tons) and Forecast By Resin, 2023 to 2033
Table 57: Latin America Market Value (US$ million) By Vessel, 2018 to 2022
Table 58: Latin America Market Value (US$ million) and Forecast By Vessel, 2023 to 2033
Table 59: Latin America Market Volume (Tons) By Vessel, 2018 to 2022
Table 60: Latin America Market Volume (Tons) and Forecast By Vessel, 2023 to 2033
Table 61: Europe Market Value (US$ million) by Country, 2018 to 2022
Table 62: Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63: Europe Market Volume (Tons) by Country, 2018 to 2022
Table 64: Europe Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 65: Europe Market Value (US$ million) By Composite, 2018 to 2022
Table 66: Europe Market Value (US$ million) and Forecast By Composite, 2023 to 2033
Table 67: Europe Market Volume (Tons) By Composite, 2018 to 2022
Table 68: Europe Market Volume (Tons) and Forecast By Composite, 2023 to 2033
Table 69: Europe Market Value (US$ million) By Fiber, 2018 to 2022
Table 70: Europe Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 71: Europe Market Volume (Tons) By Fiber, 2018 to 2022
Table 72: Europe Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 73: Europe Market Value (US$ million) By Resin, 2018 to 2022
Table 74: Europe Market Value (US$ million) and Forecast By Resin, 2023 to 2033
Table 75: Europe Market Volume (Tons) By Resin, 2018 to 2022
Table 76: Europe Market Volume (Tons) and Forecast By Resin, 2023 to 2033
Table 77: Europe Market Value (US$ million) By Vessel, 2018 to 2022
Table 78: Europe Market Value (US$ million) and Forecast By Vessel, 2023 to 2033
Table 79: Europe Market Volume (Tons) By Vessel, 2018 to 2022
Table 80: Europe Market Volume (Tons) and Forecast By Vessel, 2023 to 2033
Table 81: East Asia Market Value (US$ million) by Country, 2018 to 2022
Table 82: East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 83: East Asia Market Volume (Tons) by Country, 2018 to 2022
Table 84: East Asia Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 85: East Asia Market Value (US$ million) By Composite, 2018 to 2022
Table 86: East Asia Market Value (US$ million) and Forecast By Composite, 2023 to 2033
Table 87: East Asia Market Volume (Tons) By Composite, 2018 to 2022
Table 88: East Asia Market Volume (Tons) and Forecast By Composite, 2023 to 2033
Table 89: East Asia Market Value (US$ million) By Fiber, 2018 to 2022
Table 90: East Asia Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 91: East Asia Market Volume (Tons) By Fiber, 2018 to 2022
Table 92: East Asia Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 93: East Asia Market Value (US$ million) By Resin, 2018 to 2022
Table 94: East Asia Market Value (US$ million) and Forecast By Resin, 2023 to 2033
Table 95: East Asia Market Volume (Tons) By Resin, 2018 to 2022
Table 96: East Asia Market Volume (Tons) and Forecast By Resin, 2023 to 2033
Table 97: East Asia Market Value (US$ million) By Vessel, 2018 to 2022
Table 98: East Asia Market Value (US$ million) and Forecast By Vessel, 2023 to 2033
Table 99: East Asia Market Volume (Tons) By Vessel, 2018 to 2022
Table 100: East Asia Market Volume (Tons) and Forecast By Vessel, 2023 to 2033
Table 101: South Asia & Oceania Market Value (US$ million) by Country, 2018 to 2022
Table 102: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 103: South Asia & Oceania Market Volume (Tons) by Country, 2018 to 2022
Table 104: South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 105: South Asia & Oceania Market Value (US$ million) By Composite, 2018 to 2022
Table 106: South Asia & Oceania Market Value (US$ million) and Forecast By Composite, 2023 to 2033
Table 107: South Asia & Oceania Market Volume (Tons) By Composite, 2018 to 2022
Table 108: South Asia & Oceania Market Volume (Tons) and Forecast By Composite, 2023 to 2033
Table 109: South Asia & Oceania Market Value (US$ million) By Fiber, 2018 to 2022
Table 110: South Asia & Oceania Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 111: South Asia & Oceania Market Volume (Tons) By Fiber, 2018 to 2022
Table 112: South Asia & Oceania Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 113: South Asia & Oceania Market Value (US$ million) By Resin, 2018 to 2022
Table 114: South Asia & Oceania Market Value (US$ million) and Forecast By Resin, 2023 to 2033
Table 115: South Asia & Oceania Market Volume (Tons) By Resin, 2018 to 2022
Table 116: South Asia & Oceania Market Volume (Tons) and Forecast By Resin, 2023 to 2033
Table 117: South Asia & Oceania Market Value (US$ million) By Vessel, 2018 to 2022
Table 118: South Asia & Oceania Market Value (US$ million) and Forecast By Vessel, 2023 to 2033
Table 119: South Asia & Oceania Market Volume (Tons) By Vessel, 2018 to 2022
Table 120: South Asia & Oceania Market Volume (Tons) and Forecast By Vessel, 2023 to 2033
Table 121: MEA Market Value (US$ million) by Country, 2018 to 2022
Table 122: MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 123: MEA Market Volume (Tons) by Country, 2018 to 2022
Table 124: MEA Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 125: MEA Market Value (US$ million) By Composite, 2018 to 2022
Table 126: MEA Market Value (US$ million) and Forecast By Composite, 2023 to 2033
Table 127: MEA Market Volume (Tons) By Composite, 2018 to 2022
Table 128: MEA Market Volume (Tons) and Forecast By Composite, 2023 to 2033
Table 129: MEA Market Value (US$ million) By Fiber, 2018 to 2022
Table 130: MEA Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 131: MEA Market Volume (Tons) By Fiber, 2018 to 2022
Table 132: MEA Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 133: MEA Market Value (US$ million) By Resin, 2018 to 2022
Table 134: MEA Market Value (US$ million) and Forecast By Resin, 2023 to 2033
Table 135: MEA Market Volume (Tons) By Resin, 2018 to 2022
Table 136: MEA Market Volume (Tons) and Forecast By Resin, 2023 to 2033
Table 137: MEA Market Value (US$ million) By Vessel, 2018 to 2022
Table 138: MEA Market Value (US$ million) and Forecast By Vessel, 2023 to 2033
Table 139: MEA Market Volume (Tons) By Vessel, 2018 to 2022
Table 140: MEA Market Volume (Tons) and Forecast By Vessel, 2023 to 2033
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 1: Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) and Volume (Tons) by Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) and Volume (Tons) By Composite, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Composite, 2023 to 2033
Figure 7: Global Market Value (US$ million) and Volume (Tons) By Fibers, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By Fibers, 2023 to 2033
Figure 9: Global Market Value (US$ million) and Volume (Tons) By Resin, 2023 & 2033
Figure 10: Global Market Y-o-Y Growth Rate By Resin, 2023 to 2033
Figure 11: Global Market Value (US$ million) and Volume (Tons) By Vessel, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Rate By Vessel, 2023 to 2033
Figure 13: North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 14: North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 15: North America Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 17: North America Market Value (US$ million) and Volume (Tons) By Composite, 2023 & 2033
Figure 18: North America Market Y-o-Y Growth Rate By Composite, 2023 to 2033
Figure 19: North America Market Value (US$ million) and Volume (Tons) By Fibers, 2023 & 2033
Figure 20: North America Market Y-o-Y Growth Rate By Fibers, 2023 to 2033
Figure 21: North America Market Value (US$ million) and Volume (Tons) By Resin, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Rate By Resin, 2023 to 2033
Figure 23: North America Market Value (US$ million) and Volume (Tons) By Vessel, 2023 & 2033
Figure 24: North America Market Y-o-Y Growth Rate By Vessel, 2023 to 2033
Figure 25: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis By Composite, 2023 to 2033
Figure 27: North America Market Attractiveness Analysis By Fibers, 2023 to 2033
Figure 28: North America Market Attractiveness Analysis By Resin, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis By Vessel, 2023 to 2033
Figure 30: Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 31: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 32: Latin America Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 33: Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ million) and Volume (Tons) By Composite, 2023 & 2033
Figure 35: Latin America Market Y-o-Y Growth Rate By Composite, 2023 to 2033
Figure 36: Latin America Market Value (US$ million) and Volume (Tons) By Fibers, 2023 & 2033
Figure 37: Latin America Market Y-o-Y Growth Rate By Fibers, 2023 to 2033
Figure 38: Latin America Market Value (US$ million) and Volume (Tons) By Resin, 2023 & 2033
Figure 39: Latin America Market Y-o-Y Growth Rate By Resin, 2023 to 2033
Figure 40: Latin America Market Value (US$ million) and Volume (Tons) By Vessel, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Rate By Vessel, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Attractiveness Analysis By Composite, 2023 to 2033
Figure 44: Latin America Market Attractiveness Analysis By Fibers, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis By Resin, 2023 to 2033
Figure 46: Latin America Market Attractiveness Analysis By Vessel, 2023 to 2033
Figure 47: Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 48: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 49: Europe Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 50: Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 51: Europe Market Value (US$ million) and Volume (Tons) By Composite, 2023 & 2033
Figure 52: Europe Market Y-o-Y Growth Rate By Composite, 2023 to 2033
Figure 53: Europe Market Value (US$ million) and Volume (Tons) By Fibers, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Rate By Fibers, 2023 to 2033
Figure 55: Europe Market Value (US$ million) and Volume (Tons) By Resin, 2023 & 2033
Figure 56: Europe Market Y-o-Y Growth Rate By Resin, 2023 to 2033
Figure 57: Europe Market Value (US$ million) and Volume (Tons) By Vessel, 2023 & 2033
Figure 58: Europe Market Y-o-Y Growth Rate By Vessel, 2023 to 2033
Figure 59: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 60: Europe Market Attractiveness Analysis By Composite, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis By Fibers, 2023 to 2033
Figure 62: Europe Market Attractiveness Analysis By Resin, 2023 to 2033
Figure 63: Europe Market Attractiveness Analysis By Vessel, 2023 to 2033
Figure 64: East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66: East Asia Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 67: East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 68: East Asia Market Value (US$ million) and Volume (Tons) By Composite, 2023 & 2033
Figure 69: East Asia Market Y-o-Y Growth Rate By Composite, 2023 to 2033
Figure 70: East Asia Market Value (US$ million) and Volume (Tons) By Fibers, 2023 & 2033
Figure 71: East Asia Market Y-o-Y Growth Rate By Fibers, 2023 to 2033
Figure 72: East Asia Market Value (US$ million) and Volume (Tons) By Resin, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Rate By Resin, 2023 to 2033
Figure 74: East Asia Market Value (US$ million) and Volume (Tons) By Vessel, 2023 & 2033
Figure 75: East Asia Market Y-o-Y Growth Rate By Vessel, 2023 to 2033
Figure 76: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis By Composite, 2023 to 2033
Figure 78: East Asia Market Attractiveness Analysis By Fibers, 2023 to 2033
Figure 79: East Asia Market Attractiveness Analysis By Resin, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis By Vessel, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 82: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 83: South Asia & Oceania Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 84: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 85: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Composite, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Rate By Composite, 2023 to 2033
Figure 87: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Fibers, 2023 & 2033
Figure 88: South Asia & Oceania Market Y-o-Y Growth Rate By Fibers, 2023 to 2033
Figure 89: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Resin, 2023 & 2033
Figure 90: South Asia & Oceania Market Y-o-Y Growth Rate By Resin, 2023 to 2033
Figure 91: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Vessel, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Rate By Vessel, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 94: South Asia & Oceania Market Attractiveness Analysis By Composite, 2023 to 2033
Figure 95: South Asia & Oceania Market Attractiveness Analysis By Fibers, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis By Resin, 2023 to 2033
Figure 97: South Asia & Oceania Market Attractiveness Analysis By Vessel, 2023 to 2033
Figure 98: MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 99: MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 100: MEA Market Value (US$ million) and Volume (Tons) by Country, 2023 & 2033
Figure 101: MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 102: MEA Market Value (US$ million) and Volume (Tons) By Composite, 2023 & 2033
Figure 103: MEA Market Y-o-Y Growth Rate By Composite, 2023 to 2033
Figure 104: MEA Market Value (US$ million) and Volume (Tons) By Fibers, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Rate By Fibers, 2023 to 2033
Figure 106: MEA Market Value (US$ million) and Volume (Tons) By Resin, 2023 & 2033
Figure 107: MEA Market Y-o-Y Growth Rate By Resin, 2023 to 2033
Figure 108: MEA Market Value (US$ million) and Volume (Tons) By Vessel, 2023 & 2033
Figure 109: MEA Market Y-o-Y Growth Rate By Vessel, 2023 to 2033
Figure 110: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 111: MEA Market Attractiveness Analysis By Composite, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis By Fibers, 2023 to 2033
Figure 113: MEA Market Attractiveness Analysis By Resin, 2023 to 2033
Figure 114: MEA Market Attractiveness Analysis By Vessel, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the Estimated Market Size of the Global Marine Composites Market in 2023?
The global marine composites market is estimated to be valued at US$ 4.8 billion in 2023.
How did the Market Perform During the Historic Period 2018 -2022?
During 2018-2022, the market experienced a growth rate of 3.2%.
Which Region Accounts for the Maximum Consumption of Marine Composites in the Global Market?
North America tops the global marine composites market accounting for 29.0% market share.
What is the Projected Growth Rate of the Marine Composites Market in the Forecast Period?
The market is projected to expand at a growth rate of 6.0% by 2033
Which Fiber Type of Marine Composites Holds the Highest Market Share?
Carbon fiber type accounts for a 38.9% share across all the types of fiber available for marine equipment manufacturing.
Marine Composites Market